Definition of inconvertibility in US English:

inconvertibility

noun

  • See inconvertible

    • ‘But venture capitalists are unwilling to invest in unlisted companies since they cannot retrieve their profits due to the inconvertibility of the yuan.’
    • ‘Currency inconvertibility, exchange restrictions or war can delay or altogether prevent the recovery of monies due.’
    • ‘The cover required to deal with exchange rate and inconvertibility risk are very different in nature.’
    • ‘China, unlike its crisis-prone neighbors, did not dismantle capital controls or currency inconvertibility during the 1990s, and was less prone to capital flight and currency speculation as a result.’
    • ‘Currency inconvertibility and transfer risk policies apply to losses resulting from financial crises, hard currency shortages, or arbitrary political decisions by a foreign government.’

Pronunciation

inconvertibility

/ənˌkänˌvərdəˈbilədē/